Financial crisis of 2008 is still taking a bite out of your paycheck 10 years later

Some 10 years after the global finance system nearly collapsed under the weight of reckless mortgage lending, the U.S. economy is still feeling the impact. And the reverberations will continue for some time. Over the long term, the financial damage from the 2008 meltdown will cost every American roughly $70,000 during their lifetime, according to research from the San Francisco Federal Reserve.